We thought flash demand was booming, but flash supplier Sandisk's quarterly revenue has dropped to its lowest point in seven quarters after price drops and demand falls. It expects the next quarter to be even worse.
Revenues in its first 2012 quarter were $1.21bn, down 7 per cent year-on-year and a thumping 24 per cent …

"secular growth drivers for our business "

Don't you just love jargon? I had to google that to understand what the hell he was talking about. My own ignorance of course but what the devil is wrong with plain English where it can be used? As in "the long term growth drivers for our business"?

"Secular Market"

"A market as defined by its overarching, long-term trends. Generally, a secular market refers to trends over a period of five or more years. A secular market may be bullish or bearish, and, in market analysis, takes precedence over opposite, short-term trends that happen within the secular market."